(a) Effective January 1, 2007, each Local Union shall pay to the General Secretary-Treasurer a per capita tax of $20.00 per member from the monthly dues of each Building and Construction Trades journeyman and apprentice and related classifications of membership who has not reached age 65 by December 31, 2006. Of this amount, $12.65 shall be placed in the General Fund. The General Secretary- Treasurer shall deposit $2.85 of the $20.00 per capita tax in the Burial Expense Benefit Fund for the purpose of the payment of burial expense benefits. The General Secretary-Treasurer shall deposit in the Convention Fund $1.50 of the per capita tax for the purpose of defraying the cost of the convention. The General Secretary-Treasurer shall deposit $1.50 into the Organizing Fund for organizing the non-organized. The General Secretary-Treasurer shall deposit $1.50 into the Education and Promotion Fund. The United Association Political Issues Fund and the United Association Canadian Political Issues Fund shall continue to exist, but no further direct deposit of per capita will be made into these Funds.

(b) Effective January 1, 2007, each Local Union shall pay to the General Secretary-Treasurer a per capita tax of $19.00 per member from the monthly dues of each Metal Trades journeyman and apprentice and related classifications of membership who has not reached age 65 by December 31, 2006. Of this amount, $11.65 shall be placed in the General Fund, $2.85 in the Burial Expense Benefit Fund, $1.50 in the Convention Fund, $1.50 in the Organizing Fund, and $1.50 in the Education and Promotion Fund referred to in Section 74(a). The United Association Political Issues Fund and the United Association Canadian Political Issues Fund shall continue to exist, but no further direct deposit of per capita will be made into these Funds.

(c) Effective January 1, 2007, the per capita tax payable to the General Secretary-Treasurer on behalf of each member who reached age 65 by December 31, 2001 shall be frozen at the rate of per capita tax in effect for such member on December 31, 2001, i.e., $15.00 per member for each Building and Construction Trades journeyman and apprentice and related classifications of membership and $14.00 per member for each Metal Trades journeyman and apprentice and related classifications of membership. Of these amounts, the General Secretary-Treasurer shall deposit $7.65 of the per capita tax of each Building and Construction Trades journeyman and apprentice and related classifications of membership, and $6.65 of the per capita tax of each Metal Trades journeyman and apprentice and related classifications of membership, in the General Fund. The balance of the per capita tax shall be deposited in the Burial Expense Fund, the Convention Fund, the Organizing Fund, and the Education and Promotion Fund in the amounts set forth in Sections 74(a) and 74(b).

(d) Effective January 1, 2007, the per capita tax payable to the General Secretary-Treasurer on behalf of each member who has reached the age of 65 between January 1, 2002 and December 31, 2006 shall be frozen at the rate of per capita tax in effect for such member on December 31, 2006. Of these amounts, the General Secretary-Treasurer shall deposit $11.65 of the per capita tax of each Building and Construction Trades journeyman and apprentice and related classifications of membership, and $10.65 of the per capita tax of each Metal Trades journeyman and apprentice and related classifications of membership, in the General Fund. The balance of the per capita tax shall be deposited in the Burial Expense Fund, the Convention Fund, the Organizing Fund, and the Education and Promotion Fund in the amounts set forth in Sections 74(a) and 74(b).

(e) In order to carry into effect the increase in per capita tax, effective January 1, 2007, the monthly Local Union dues of each member who has not reached age 65 by December 31, 2006 shall be automatically increased $1.00 per month over and above the amount of monthly Local Union dues in effect on December 31, 2006.

(f) All members with fifty (50) years of continuous membership in the United Association, who have retired, will no longer be required to pay dues to the United Association provided that they will also be exempt from paying any dues or assessments to their own Local Union, and that the Local Union officers so notify the General Officers of the United Association, and make application for exemption from paying any further per capita tax.

(g) The United Association shall also receive 50 percent of all $40.00 initiation fees, $50.00 reinstatement fees, $100.00 issuance of withdrawal card fees, $100.00 reinstatement fees for members reinstating with a current paid up withdrawal card, $100.00 for renewal of withdrawal card fees, and entire amount of $3.00 charter fees on each charter member, together with sum total of all United Association assessments levied by the General Executive Board.

(h) Dues, initiation fees, fines and assessments imposed by Local Unions shall be placed in Local Union funds. Local Unions may also impose fines or assessments for failure to attend regular meetings or do committee work or to attend authorized meetings in the interest of the Local Union, not to exceed a maximum of $5.00 for any one (1) offense. A Local Union Executive Board shall have the authority to excuse a member from such attendance requirements, when it finds the member has presented what it considers a justifiable reason for his absence. The Local Union Executive Board’s decision in this regard shall be final, binding, and not appealable.

(i) The General President and General Secretary-Treasurer, with the approval of the General Executive Board, shall have the right to transfer monies to and from any of the United Association Funds, except the Political Issues Funds, as needed to protect the financial solvency of any particular Fund. Monies may only be transferred into the Political Issues Funds as needed to protect the financial solvency of the Political Issues Funds.

Whenever the funds of the United Association shall fall below the sum of $2.00 per capita, the General Executive Board shall levy an assessment on each member to replenish the same.

When assessments are levied by the General Executive Board on the general membership, Local Unions shall collect and forward the entire amount within the date specified. For failure to collect same, they shall stand suspended after due notification by the General Secretary-Treasurer until the same has been collected and properly reported upon.

(a) Any Local Union failing to pay per capita tax or assessments to the United Association for a period of three (3) months shall stand suspended. Should a Local Union become six (6) months in arrears for per capita tax to the United Association, its charter shall be subject to revocation by the General Executive Board.

(b) The General Secretary-Treasurer shall notify all Local Unions when two (2) months in arrears, but failure to receive such notice shall not prevent the suspension of a Local Union should it become three (3) months in arrears.

(a) The investment assets of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada may be invested in bonds, notes, common stocks, real estate and other suitable investments.

(b) The United Association shall retain an Investment Consultant who shall advise the General President and General Secretary-Treasurer regarding the management of all investment assets of the United Association. The investment consultant will be required to assume fiduciary responsibility for advice given to the United Association. All investment assets of the United Association will be invested by Investment Managers selected by the General President and General Secretary-Treasurer. The United Association’s Investment Managers must qualify as Investment Managers in accordance with Section 3(38)(B) of the Employee Retirement Income Security Act of 1974 and assume fiduciary responsibility for their investment manager duties. The General President and General Secretary-Treasurer, with the assistance of the Investment Consultant, shall prepare an Investment Policy Statement concerning the investment of all investment assets of the United Association. All Investment Managers employed by the United Association must agree to abide by the Investment Policy Statement as part of a written contract to manage the assets of the United Association. The Investment Policy Statement will provide that the assets of the United Association are held in trust for the benefit of the United Association and its members, and that the assets will be invested in a responsible and prudent manner. Investment Managers will also be provided specific guidelines for the investment of assets under their control. In carrying out the United Association’s investment program, the General President and General Secretary-Treasurer shall adhere to the fiduciary standards for union officers under the Landrum-Griffin Act. The General Executive Board must approve the selection of the Investment Consultant, the selection of the Investment Managers based on the advice of the Investment Consultant, and the Investment Policy Statement.

(c) The General President and General Secretary- Treasurer shall, with the assistance of the Investment Consultant, monitor the performance of the United Association’s investments and shall meet with the United Association’s Investment Consultant on a semi-annual schedule to review the performance of the Investment Managers. The Investment Consultant shall provide quarterly reports on the United Association’s investments to the General President, General Secretary-Treasurer and the members of the General Executive Board.

(d) The General President shall be authorized to provide loans, grants and financial assistance to Local Unions, District Councils and other appropriate labor councils and organizations under such terms as approved by the General Executive Board. Such loans, grants and financial assistance shall not be considered investment assets of the United Association.

(e) The United Association’s headquarters building, all furniture, fixtures, materials, supplies and equipment used in the operation of the United Association shall not be considered investment assets. These assets shall be under the control of the General President.